Dec 14, 2012 7:00pm EST
referendum tomorrow. it will take some time for that would support for president mohammed morsi we be judgment for what constitution should look like. will he prevail? will he come at the end of the process, process the powers that he claimed for himself two years ago, of which he has since relinquished? >> unfortunately, my answer is going to be yes. one is saying that we need to reject the referendum, the other part is saying no, we want to boycott. so now they are divided. the result is going to be the muslim brotherhood and president morsi is most likely going to win the referendum. on the other hand, the opposition is very strong in egypt. there is no return to the previous situation. what i suggest in the future is that mohammed morsi will win the referendum, try tooit establish an islamic state, he will see strong opposition for months and months. lou: moving quickly to syria as we wrap up. russia today -- from the deputy foreign minister, basically saying that they have acknowledged that bashar al-assad has been losing power and that his departure is a foregone conclusion.
Dec 6, 2012 6:00am PST
harrigan. since mohamed morsi, the president there assumed near absolute powers through a constitutional move. he and the muslim brotherhood have been doing things that have a lot of people concerned in terms of ramming through a very controversial new constitution that the people have been very unhappy about. what's going on there. come back home now for a moment and take a look at the latest numbers we have got on the u.s. economy. the weekly unemployment numbers came in as they do every thursday. the labor department reported 370,000 americans filed for first-time unemployment claims. either way, either way, folks, your taxes will go up despite the haggling going on on capitol hill. you will be paying more to the u.s. government. stuart varney joins me now. so, stuart, that's the bottom line. this is what people i think across the country are starting to realize no matter what they negotiate, 2013 will be different for most of us. >> this is the untold tax story. everybody has been concentrating on tax the rich, yes or no. but the payroll tax holiday goes away january 1. neither polit
Dec 6, 2012 5:30pm PST
hours the country has seen the worst violence since president mohamed mor was electedn june. seven people were killed and more than 600 hurt during overnight clashes in cairo outside the presidential palace. we have a report from jonathan rugman of "independent television news." >> reporter: last year, they ousted a dictator. last night, they turned against one another. religious and secular egyptians fighting outside the palace of their first freely-elected president. after riot police gave up keeping the two warring sides apart. seven people were killed and hundreds were injured. both sides were armed with clubs, but eyewitnesses said the first gunfire came from president morsi's supporters. the president's opponents let off fireworks. but they say they won't back down until the president gives up sweeping new powers or resigns. this morning, the army moved in. not to mount a military coup, but to defend a president they would once have jailed for his political views. the commander of these troops saidhese tanks were just to keep rival factions apart. but if mr. morsi can trigger